Enhance your Portfolio with a Quant-Driven Global Macro Fund
The Cardinal Fund offers institutional-grade access to proprietary quantitative models specialized in global currency markets
Disclaimer: This website is intended solely for information purposes and is directed only to Accredited Investors as defined under applicable securities laws. Nothing on this site constitutes an offer to sell or a solicitation to buy any securities. Investments are only available through appropriate legal documentation and regulatory exemptions.
Who We Are
IXM Capital Management is a fully regulated Canadian investment firm operating under a licensed Portfolio Manager. We specialize in quantitative, data-driven proprietary strategies focused exclusively on the Global Currency (FX) markets.
Our Cardinal Fund is built on proprietary research, statistical modeling, and rigorous risk management. It is engineered to deliver consistent, risk-adjusted returns with low correlation to traditional asset classes. Designed as both a standalone investment and a portfolio diversifier, IXM provides institutional-quality FX exposure through a fully transparent and compliant structure.
$150K+
has already been raised for launch
The Cardinal Fund
With years of expertise in quantitative modeling, statistical analysis, and mathematical research, we have developed the proprietary Cardinal Fund — a robust, data-driven investment strategy. The fund offers investors a unique opportunity to access an emerging market opportunity through fully automated, quant-driven systems engineered to deliver consistent, risk-adjusted returns. All data is validated through our institutional quantitative tool. (Net of all trading costs and fund fees)
Cardinal Fund Equity Curve
Operating live as of Feb. 2025, our fund has historically outperformed traditional investment vehicles and consistently demonstrated strength as an alternative investment solution. It has shown resilience and delivered strong relative performance during periods of heightened market volatility, including in 2020, 2022, and 2025.
Average Annualized Return
Our simulated average 1-, 3-, and 5-year performance over 20 years outpaces traditional global macro funds. Our quantitative models demonstrate consistent, data-driven outperformance.
Our Team
Israar Kamal | Co-Founder & Managing Partner
BASc. in Science - Specialization in Research Methods & Statistics
Israar Kamal graduated from the University of Ottawa with the highest academic distinction. While excelling academically, he remained deeply committed to his true passion, analyzing and understanding the intricacies of global financial markets. He helped develop the firm’s proprietary strategies, constructed and validated the Cardinal Portfolio, and created the IXM Framework, a disciplined research and execution model designed to ensure strategy robustness, risk control, and cross-system alignment. His work reflects a rare blend of academic excellence and applied quantitative finance, laying the foundation for IXM’s institutional-grade investment process.
Mabroor Kamal | Co-Founder & Managing Partner
BASc. in Computer Engineering and Entrepreneurial Management
Mabroor Kamal is a graduate of the University of Ottawa with a Bachelor’s degree in Computer Engineering and Entrepreneurial Management. He has applied his expertise in quantitative modeling, statistical analysis, and algorithmic risk systems to develop the flagship Cardinal Fund—a fully automated Quant Fund designed to deliver consistent, risk-adjusted returns. With over a decade of experience in model development, live trading systems, and portfolio design, Mabroor brings a disciplined, data-driven approach to an emerging field in investing.
Rounak Lange | Portfolio Manager
Portfolio Manager, Investment Fund Management, MBA, CFA
Rounak Langhe, began his career as an analyst and rose to the position of portfolio manager at AEGON Capital Management Inc. There, he independently managed a $1.2 billion total return fund, including third-party assets, and played a lead support role for the insurance company’s $4.8 billion portfolios. Later, as a portfolio manager at Investors Group, he developed and implemented strategies within a relevant mandate, ensuring optimal portfolio performance with a total AUM of $2.035 billion.
Contact
This website is intended solely for information purposes and is directed only to Accredited Investors, as defined under applicable securities laws. Nothing on this site constitutes an offer to sell or a solicitation to buy any securities. Investments are offered only through appropriate legal documentation and regulatory exemptions.
For questions or general inquiries, please contact us directly.
Email
israar@ixmcapital.com
mabroor@ixmcapital.com
Phone
(647)-410-5046